Tag: heavy equipment rentals

Dealers

Breaking records, United Rentals reports 20.8% jump in 4Q rental revenue growth

United Rentals says its fourth-quarter 2018 earnings pushed by a 20.8% increase in rental revenue growth over 2017 as an increasing tide of customers see the benefits of renting versus owning.

January 28, 2019

Dealers

Expanding into specialty market, Sunbelt Rentals buys Underground Safety Equipment

Sunbelt Rentals' recent acquisition of Underground Safety Equipment will expand the company into the safety equipment market. Details on Equipment World.

January 2, 2019

Dealers

Herc Rentals sees 16% jump in equipment revenue in 4Q

Reflecting double-digit growth across all regions, Herc Holdings is reporting a 16.2-percent jump in equipment rental revenue for the fourth quarter of 2017, compared to FY16. Equipment rental revenue climbed to $414.5 million in the fourth quarter of 2017 – up from $356.7 million. Total revenues were $491.7 million in the fourth quarter of 2017, […]

March 2, 2018

Dealers

Business Roundup: Liebherr sees orders jump; Tax overhaul a mixed bag for dealers; Proposed AWP standards would affect rentals; Dealer Institute course on managing iron; New Atlas Copco VPs; Construction starts predicted to rise

Liebherr sees “significant” jump in orders; uses start-up culture to launch products Liebherr says it will add 2,240 employees by the end of this year, seeing what Stefan Heissler, member of the board of directors of Liebherr-International AG, calls a “very significant jump in orders” in 2017. In the first six months of 2017, Liebherr […]

November 7, 2017

Dealers

Recession weary heavy equipment buyers flock to rental, RPOs to lower risk

“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]

July 26, 2016

Technology

Uber for Construction Equipment: Getable app lets contractors rent across vendors, manage owned and rented machines

Though the app itself is nearly 5 years old, Getable, an app that aspires to be the Uber of construction equipment, will be a brand new concept for the vast majority of U.S. contractors. The San Francisco-based company launched in 2010 as Rentcycle and until now has only been available to West Coast contractors and suppliers. However, […]

February 25, 2015

Construction Equipment

You’ll soon be able to rent JCB excavators at Home Depot

JCB will now supply 1,015 Compact Power Equipment Rental stores, located in Home Depots, with its 8029 and 8018 compact excavators. The “enhanced alliance,” as JCB terms it, came about after a test program of the excavators in 2014, in which the Home Depot division evaluated the machines, along with aftermarket sales and service support. […]

February 18, 2015

Technology

AEM survey: Construction firms plan to grow staff and fleet size, but most have no plans to use telematics

According to a survey released this morning by the Association of Equipment Manufacturers, U.S. construction companies are fairly optimistic about the near future as the majority say they plan to either increase or maintain current fleet and staff levels. The survey was conducted by AEM earlier this year with more than 1,200 responses coming in. […]

August 18, 2014

Construction Equipment

AEMP to collaborate with ARA on education, training and research

The Association of Equipment Management Professionals today announced a partnership agreement with the American Rental Association. The collaboration will enable the two groups to share information, education and training opportunities and research initiatives. “Equipment fleet management is a key element to running a profitable equipment rental business and AEMP has excellent education, certification programs and […]

July 16, 2014

Dealers

Caterpillar pushes dealers missing out on billions in sales each year to increase use of telematics data

Contractors aren’t the only ones not using telematics. Dealers of the largest heavy equipment manufacturer in the world are also being urged to up their use of the valuable data the technology creates. Caterpillar says its dealers are failing to capture somewhere in the range of $9 billion and $18 billion in revenue each year, […]

May 21, 2014

Business

United Rentals cites strong start for 1Q, will add $750 million in fleet this quarter

United Rentals says it will bring in $750 million in fleet in the second quarter, the result of a strong 2014 start, with “notable year-over-year growth in rates, time utilization and volume,” according to CEO Michael Kneeland. The company announced first quarter results Tuesday, saying rental revenue had increased 9.7 percent year-over-year. Total revenue was […]

April 17, 2014

Business

With acquisition finalized, Volvo Rents is now BlueLine Rental

After its acquisition by private equity firm Platinum Equity — finalized in January –Volvo Rents has been rebranded BlueLine Rental. With 130 rental stores in North America, BlueLine will continue to rent Volvo backhoes, skid steers, compact wheel loaders, compact excavators and compaction equipment, along with other machines and tools. Scott Hall, president of BlueLine, […]

February 10, 2014